tax tips

Tax deductions vs. Tax credits: A guide for simplifying your tax filing experience

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Article Featured on CNN Money If the thought of filing your taxes gives you heart palpitations and sweaty palms, fear not. Yes, taxes can be complicated. But the more you understand, the smoother the process will go. Familiarizing yourself…
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Medical Deductions & The New Tax Law

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Article Highlights: Medical Deductions Retained by the Tax Reform Law Adjusted Gross Income Floor Dropped to 7.5% The Standard Deduction Bunching Medical Deductions Unusual Medical Deductions Medical Dependents Divorced…
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Will Your 2018 Withholding Be Right?

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Article Highlights: Tax Cuts & Jobs Act Wage Withholding Tables W-4 Be Cautious with Adjusted Withholding Note: The is one of a series of articles explaining how the various tax changes made by the GOP’s Tax Cuts &…
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Yes or No? Simple answers to your tax questions

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Article by Danielle Wiener-Bronner | Found on CNN The changes to the new tax law are complex, and difficult even for experts to unpack. But some of the plan's provisions are straightforward enough for simple "yes" or "no" answers. 1. Does…
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Changes to the Child Tax Credit: What it Means for Families

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Article by Lydia DePillis | Found on CNN.com Parents will get twice as large of a tax credit for each child next year, under a compromise hammered out by the House and Senate Friday — although other changes to the bill mitigate the impact…
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3 Things Every Entrepreneur Can Learn From Amazon's Second Headquarters Search

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Article by Monique Claiborne | Found on INC.COM On Thursday, Amazon announced its plans to search for a second headquarter city in North America. According to the press release, the new office will be a full equal to Amazon's headquarters…
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Tax Filers Could Overlook Security Risks as They Rush to Submit Their Returns

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Article by Gretal Egan | Found on AccountingToday As Tax Day looms near, many individuals are likely scrambling to gather their 2016 tax documents to avoid missing the filing deadline. This year’s “extension” to April 18 may have…
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Nexpanding: The Ever-Evolving Shape of Nexus Rules

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Article by Roger Russell | Found on Accounting Today Nexus — the minimum amount of contact between a taxpayer and a state that allows the state to tax the business on its activities — is under attack by the states as they seek to broaden…
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6 End-Of-Year Tax Tips That All Millennials Need To Hear

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By Maya Kachroo-Levine | Found on Forbes As a freelancer, I have a front row seat to the true nightmare that tax season can be. I earn almost all of my income via 1099s, and every month, I make a table that reflects exactly how much I earned,…

Identity Theft Safeguards to Expand for 2017

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Article By Sally P. Schreiber, J.D. | Featured on Journal of Accountancy As the IRS, taxpayers, and tax practitioners get ready for the 2017 tax filing season, the IRS touted the successes that it and its Security Summit partners have had…